Role of Microfinance for Entrepreneurial Success

Mufaro Dzingirai and Neeta Baporikar
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Mufaro Dzingirai: Midlands State University, Zimbabwe
Neeta Baporikar: Namibia University of Science and Technology, Namibia & University of Pune, India

International Journal of E-Entrepreneurship and Innovation (IJEEI), 2021, vol. 11, issue 1, 1-16

Abstract: The main objective of the paper is to analyze the influence of microfinance on entrepreneurial success of Zimbabwean SMEs. Adopting explanatory research design with a sample that constitutes 120 business owners of SMEs in Gweru district data collection was through questionnaire administering that used Likert scale-type questions. The hypotheses are analyzed using Spearman's correlation and regression analysis in order to empirically establish the influence of microfinance on entrepreneurial success. The main regression results show a strong positive relationship between microfinance and entrepreneurial success, a weak negative relationship between the business owner's age and entrepreneurial success, and a positive relationship between the level of studies and entrepreneurial success of Zimbabwean SMEs.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jeei00:v:11:y:2021:i:1:p:1-16

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